Posts by Jasmine Brant
SRA Risk Outlook report: Familiarity is key to AI adoption in law firms
In November 2023, the Solicitors Regulation Authority (SRA) published their Risk Outlook report on the use of artificial intelligence in the legal market.
Read MoreWhat you need to know about Xapien and the EU’s AI Act
While the Act doesn’t currently restrict or otherwise apply to Xapien’s product and our users due to how we handle open source information, we’re keeping a close eye on any developments.
Read MoreHow nonprofits can meet compliance requirements in 2024
Nonprofits operate under unique regulations, making it crucial to understand and implement systems to adhere to these rules.
Read MoreThe UK’s second Economic Crime Plan and how AI can help
For the last four years, the UK’s Economic Crime Plan has aimed to equip both the public and private sectors with information and tools needed to ‘detect, deter and disrupt’ financial crime.
Read MoreStrengthen AML risk management by learning the story of clients
There’s a shift in client onboarding that’s been happening for a while — firms are moving away from surface-level due diligence and taking a more comprehensive approach. They’re delving into the story behind database hits and adverse media. Why? To give the anwsers context, pinpoint the risks, and effectively manage them.
Read MoreWhat law firms need to know about the SRA’s new guidance on client risk assessment
The Solicitors Regulation Authority (SRA) recently revealed that nearly 30% of law firms audited for their adherence to AML rules in the last year were non-compliant.
Read MoreRecap of the KYC and AML landscape in 2023, and what’s next for 2024
We’ll explore the KYC and AML shifts that took place in 2023 and what to expect from the landscape in 2024.
Read MoreFrom CDD to EDD: AI’s role in every level of due diligence
Performing due diligence is time-consuming. Even when the time and resource needed is understood to be a necessary part of a compliance team’s workload, there are often knock-on effects which are less easy to stomach.
Read MoreXapien recognised as leading enterprise KYC solution by Chartis
We’re thrilled to announce that Chartis has recognised Xapien as a leading enterprise KYC solution for 2023, earning a place on the Chartis RiskTech Quadrant®. In today’s evolving financial landscape, KYC and AML compliance are crucial for both financial institutions and corporations. The RiskTech Quadrant® maps the current market structure, positioning Xapien as a top…
Read MoreHow AI can help organisations embed ESG as a core value
In recent years, the agenda for ESG initiatives has evolved. Not only have certain priorities become more urgent – such as net zero targets and supply chain transparency – but what’s at stake and the risks associated with falling behind have increased.
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